Elara Capital Ltd may make Cameroonian debut with four hotels

Vinod Tailor, Chairman d’Elara Capital Ltd, a London-based Indian capitalised investment bank, was recently received in Yaoundé by the Secretary General to the Cameroonian President’s Office, Ferdinand Ngoh Ngoh. Leaving Palais de l’Unité, the Indian investor revealed that Elara Capital Ltd is interested in investing in Cameroon, a country which, according to him, holds “a lot of opportunities”.

The Chairman went on to explain that Elara Capital is especially interested in sectors such as health (to build a leading hospital), agriculture (to build an agro-industrial complex), education (to manufacture school books, of which 80% are still covered by French company Edicef), large-scale distribution, transportation and mining.

But before entering these sectors, Elara Capital plans to make its debut in Cameroon with the construction of four high-end hotels: two in Yaoundé, one in Douala and another in Kribi. This is what Rodolphe Simo Kam, Elara Capital Ltd’s Cameroonian partner and ADG of the Sofitoul Group, a company active in tourism, revealed.